The GBPUSD keeps rising - Analysis - 03-01-2022

Economies.com
2022-01-03 05:59AM UTC

The GBPUSD pair continues the bullish rally to approach our extended target at 1.3565, testing the support base formed above 1.3485 after breaching it previously, waiting to resume the bullish wave in the upcoming sessions.

 

Therefore, we will continue to suggest the bullish trend on the intraday basis, and breaching 1.3565 will push the price to 1.3660 as a next positive target, while breaking 1.3485 will stop the expected bullish bias and press on the price to test 1.3410 initially.

 

The expected trading range for today is between 1.3410 support and 1.3575 resistance.

 

The expected trend for today: Bullish

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